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The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid for the $1,00e purchase with
The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid for the $1,00e purchase with cash. The goods cost Evergreen Company $600. 15 Sold merchandise to Claudio's Chair Company at a selling price of $5,000 on terms 3/10, n/30. The goods cost Evergreen Company $3,500. 2e sold merchandise to Otto's Ottomans at a selling price of $3,eee on terms 3/10, n/30. The goods cost Evergreen Company $1,900. 23 Collected payment from Claudio's Chair Company from the July 15 sale. Aug. 25 Collected payment from Otto's Ottomans from the July 20 sale. Required: Prepare journal entries to record the transactions, assuming Evergreen Company uses a perpetual Inventory system. (If no entry Is required for a transaction/event, select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet Record the sale of goods for cash. Note: Enter debits before credits. Date General Journal Debit Credit July 12 Cash 1,000 Sales revenue 1,000 Record entry Clear entry View general journal
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